Hdfc Bank Freedom Credit Card

HDFC Bank Freedom Credit Card is a basic entry-level credit card by HDFC Bank targeted primarily at first-time cardholders. It is a Reward Points-based card and comes with a nominal membership fee of just Rs. 500 per annum. You can also get the renewal fee waived on minimum spends of Rs. 50,000 in an anniversary year.

You earn 1 Cash Point per Rs. 150 spent with this card and extra cash points on BookMyShow, OYO, BigBasket, and several other popular brands. Moreover, the card comes with an exceptional introductory benefit offering a low interest of 0.99% only for the first 90 days from the card activation date. Read on to learn more about this entry-level offering by HDFC.

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Hdfc Bank Freedom Credit Card

Joining Fee

Rs. 0 + GST

Renewal Fee

Rs. 0 + GST

Best Suited For

Shopping

Reward Type

Reward Points

Welcome Benefits

500 CashPoints

reward and benefits +

Movie & Dining

Up to 20% off via Swiggy Dineout

Reward Redemption

1 CashPoint = Re. 0.15 for redemption on SmartBuy or cashback.

Rewards Rate

Get 1 CashPoint for every Rs. 150 spent on all purchases, earn 5x CashPoints on EMI transactions at merchant outlets, and 10x CashPoints on Big Basket, Swiggy, BookMyShow, Oyo, Uber, and more.

free & charges +

Spend Based Waiver

Rs. 50,000 spent in the previous year

Rewards Redemption Fee

Rs. 99 per redemption request (plus applicable taxes)

Interest Rates

3.6% per month (or 43.2% per annum), 0.99% for the first 90 days.

Fuel Surcharge

1% fuel surcharge waived off at all filling stations across India for transactions between Rs. 400 and Rs. 5,000

Cash Advance Charges

2.50% of the withdrawn amount (subject to a minimum charge of Rs. 500)

Foreign Currency Markup

3.5% on the conversion amount (plus applicable taxes)

product details +

  • Complimentary 500 Cash Points as a welcome benefit.
  • Low interest rate of 0.99% for the first 90 days from the card issuance date.
  • 10X CashPoints on various popular brands.
  • 5X CashPoints on EMI spends at merchant outlets.
  • 1 CashPoint per Rs. 150 on all other spends with the card.

pros / cons +

Pros

  • Easy redemption of CashPoints against an array of categories.
  • Up to 20% off on partner restaurants via Swiggy Dineout

Cons

  • CashPoints expire after 2 years and are not valid for life.
  • This card does not offer benefits for entertainment or golf, nor does it provide access to domestic or international lounges.